Posted by Tom – IN on August 07, 2001 at 01:35:54:
Without telling what is the right way to go, I can tell you that this is the wrong way to go. What happens when she just spends your money instead of paying the house payment. You MUST get the deed and the payment book out of her hot little hands.
Is this a first mortgage only? Have you done a title search? How about offering her $500 or $1000 to sell you the house and move out, contingent on you getting permission from the bank to start working on the back payments. Find out from the bank what they’ll accept before you take the house.